San Antonio – The loan was secured through Capital One Bank and is fixed through a hedge at 3.5 percent.
CBRE has arranged $60.5 million in financing for Alamo Ranch, a 465,000-square-foot, Class A shopping center in San Antonio. CBRE worked on behalf of RioCan REIT to secure the non-recourse loan. The loan is for five years and is LIBOR-based. It was secured through Capital One Bank and is fixed through a hedge at 3.5 percent. Scott Lewis, Greg Greene and Matt Ballard with CBRE’s Dallas office originated and secured financing on behalf of the borrower. Alamo Ranch is shadow-anchored by Target, Lowe’s Home Improvement and JC Penney. The property is 93 percent occupied and includes an assortment of national, regional and local tenants. The property is located 14 miles west of downtown San Antonio.
— Haisten Willis